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Question: The data required for this problem can be found at the Federal Reserve Economic Database (FRED).
1. Calculate the ratio of annual Federal government current tax receipts to that of U.S. GDP for 1960-2015. Has this ratio increased or decreased over time?
2. Calculate the ratio of annual Federal government total expenditures to that of U.S. GDP for 1960-2015. Has this ratio increased or decreased over time?
3. Calculate the Federal government budget surplus or deficit as a percentage of U.S. GDP for 1960-2015. Is this ratio consistent with your answers in (1) and (2)?
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When price exceeds marginal cost, a profit-maximizing firm will decrease production.The marginal cost curve intersects the average total cost curve at the break-even point
Over the last 10 years, the hurdle or discount rate for projects from the firm's research and development division has been 10% twice, 15% three times.
Speculate what emergency measures might be enacted to keep the economy running in lieu of having an organized banking system.Identify and justify any incidents from history that tell us what we might expect if an electromagnetic pulse actually caused..
The Dairy Farm Company, a small producer of milk and cheese, has estimated the quantities of milk and cheese that it can produce with three levels of total expenditures or total costs. These are indicated in the following table. If the price of..
Make an assessment as to whether any of the collaborative models - such as the mega-community model or some of the approaches discussed in Friedman's writings.
Over the long run, the primary determinant of movements in the money supply is the. There are ______ members of the Board of Governors of the Federal Reserve System
Should Auto-Mart implement a do-it-yourself or do-it-for-me business emphasis? Support your selection with analysis and details.
Let Y be a Bernoulli random variable with success probability Pr(Y = 1) = p, and let Yi,...,Yn be i.i.d. draws from this distribution. Let β be the fraction of successes (1s) in this sample.
Immigration is not a "Republicans vs. Democrats" issue in the US Congress. In both parties there are intra-party divisions with regard to a more open immigration policy.
What are the economic implications of this action in the gasoline markets? Use graphs as needed and explain your answers thoroughly.
What is the equilibrium interest rate? What is the total quantity of leakages in Cubland
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